Renaissance Technologies LLC Sells 37,347 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Renaissance Technologies LLC decreased its stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 513,815 shares of the company's stock after selling 37,347 shares during the period. Renaissance Technologies LLC owned 0.72% of Tootsie Roll Industries worth $16,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Tootsie Roll Industries by 11.1% in the fourth quarter. Vanguard Group Inc. now owns 2,109,375 shares of the company's stock valued at $68,196,000 after buying an additional 211,129 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Tootsie Roll Industries by 3.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,140,100 shares of the company's stock worth $37,179,000 after purchasing an additional 41,326 shares during the period. HFR Wealth Management LLC increased its stake in Tootsie Roll Industries by 0.6% in the fourth quarter. HFR Wealth Management LLC now owns 281,313 shares of the company's stock valued at $9,095,000 after purchasing an additional 1,617 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Tootsie Roll Industries by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 251,414 shares of the company's stock valued at $8,132,000 after purchasing an additional 6,541 shares during the period. Finally, Bfsg LLC bought a new position in Tootsie Roll Industries in the fourth quarter worth approximately $5,543,000. 14.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Tootsie Roll Industries from a "buy" rating to a "hold" rating in a research note on Friday.

Tootsie Roll Industries Price Performance

Shares of Tootsie Roll Industries stock traded up $0.66 during trading hours on Friday, hitting $31.75. 107,317 shares of the company's stock traded hands, compared to its average volume of 164,037. The company has a fifty day simple moving average of $31.26 and a 200-day simple moving average of $31.31. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 26.02 and a beta of 0.33. Tootsie Roll Industries, Inc. has a 12-month low of $26.78 and a 12-month high of $33.22.

Tootsie Roll Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, March 5th. Tootsie Roll Industries's dividend payout ratio is currently 30.51%.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.